FDI from China rises to over $200 million in FY 22-23

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DNA

ISLAMABAD, Feb 24: Pakistan has received US$ 200.2 million as Foreign Direct Investment (FDI) from China in the first seven months of the current Fiscal Year 2022-23, Gwadar Pro reported on Friday quoting the Board of Investment (BOI).

China accounts for 29.3% of the total US$ 683.5 million in FDI received by Pakistan in the current fiscal year 2022-23. Chinese FDI in Pakistan totaled US$102.5 million from July to November. 

Pakistan received another US$97.7 million from China in December and January, bringing the total investment to US$200.2 million.

According to BOI data, Japan was the second largest investor in Pakistan with US$133.9 million between July and January, followed by Switzerland with US$106.5 million, the UAE with US$83.2 million, Hong Kong SARC with US$46.4 million, the Netherlands with US$45 million, the UK with US$24 million, and the US with US$9.2 million.

Despite the COVID-19 pandemic, Pakistan received US$531.6 (28.46% of the total) FDI from China in FY2021-22, while in FY2020-21, Pakistan received US$751.6 (41.3%) million.